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(SOLUSDT 1W Chart)
The section below 46.85-58.38 is likely to be a mid- to long-term investment area.
Looking at the SOL chart, you can say that after the 5th wave of the uptrend, the 3rd wave of the downtrend and the 5th wave of the downtrend are in progress.
However, if you look at the big picture, it is the first rise since the listing, so the most important thing is where you get support and go sideways.
A long consolidation section is likely to follow for a second upside.
At this time, the uptrend line is expected to be the boundary line.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(SOLUSDT 1W Chart)
The section below 46.85-58.38 is likely to be a mid- to long-term investment area.
Looking at the SOL chart, you can say that after the 5th wave of the uptrend, the 3rd wave of the downtrend and the 5th wave of the downtrend are in progress.
However, if you look at the big picture, it is the first rise since the listing, so the most important thing is where you get support and go sideways.
A long consolidation section is likely to follow for a second upside.
At this time, the uptrend line is expected to be the boundary line.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
